Bellwether Arranges $98.8M A&M Properties Multifamily Deal

IRVINE, CA—A&M Properties has acquired three southern California properties with $98.8 million in Freddie Mac financing arranged by Bellwether Enterprise Real Estate Capital.

Doug Taylor and Jason Krupoff, both senior vice presidents in Bellwether Enterprise's Irvine office, arranged the financings.

Two of the properties, Springdale Villa and Portofino Cove, are located in the established, well-maintained, residential communities of Westminster and Anaheim. Built in 1971 and 1961, respectively, these properties have a combined total of 477 units and compete well within their markets, maintaining a more than 95% occupancy rate.

Bellwether Enterprise helped locate the third asset, Tustin Parc, a 246 unit multifamily property built in 1969, located in Tustin, because it also aligned with A&M's investment strategy for location, size, and quality. Bellwether Enterprise guided A&M through the acquisition process by providing financial analysis and current market information during the bidding process.

"I have had the pleasure of assisting A&M Properties with their real estate financing needs over the past 20 years," said Taylor. "They are a long-term investor and operator of multifamily properties in Orange County with an investment plan that aligns well with the Freddie Mac and Enterprise Community Partners mission of supporting affordable and sustainable rental housing."

"A&M Properties is an excellent client and their principals are savvy investors who understand the market and are able to move quickly," said Krupoff. "They have 45 years of experience in successfully acquiring and managing properties, much of which provides much needed workforce housing."

Bellwether Enterprise provides flexible financing solutions for clients covering the entire spectrum of commercial and multifamily real estate. 

Bellwether Enterprise is a national, full-service commercial and multifamily mortgage banking company. As a subsidiary of Enterprise Community Investment, Bellwether Enterprise has production offices across the country and an integrated servicing platform based in Cleveland. With local market expertise, national lending relationships and financing structure experience, we provide clients with competitive, creative solutions for their financing needs.